New Zealand Legislation: Bills

15 Termination or reduction of provisional safeguard duty

• (1) The Minister may terminate or reduce, with effect from the next working day, a provisional safeguard duty at the Minister’s discretion.

  (1) The Minister may order the termination of a provisional safeguard duty, with effect from a specified date that is after the commencement of the order, if the Minister is no longer satisfied that there are reasonable grounds to believe that—

  • (a) a delay in imposing a safeguard measure would cause damage that would be difficult to repair; and

  • (b) increased imports are causing serious injury or a threat of serious injury.

  (1A) The Minister may order the reduction of a provisional safeguard duty, with effect from a specified date that is after the commencement of the order, if the Minister is satisfied that there is a good reason to do so.

  (2) The Minister must notify the decision to terminate or reduce a provisional safeguard duty.

  (2) An order under subsection (1) and an order under subsection (1A) are regulations for the purposes of the Regulations (Disallowance) Act 1989.